The action in the stock market was muted last week as investors waited for the jobs report on Friday. I remain concerned about the action in the coal stocks. If you haven't taken profits yet in TIE you have another chance now with the stock posting another gain for the week.
Stocks could see some volatility on Monday as the markets react to the less than expected jobs number on Friday. The market remains overbought. I would prefer to wait for a correction before launching any long-term positions.
New stop losses tonight are updated for EMR, ORCL and RAI.
Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.
--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.
Red symbol/name represents a dropped play this week.